Genius Group Limited - GNS STOCK NEWS

Genius Group (GNS) announced its fiscal year 2021 financial results, reporting pro forma revenue of $28.6 million, driven by a 67% increase in Pre-IPO Group revenue to $12.8 million. Digital Edtech revenue surged by 83% as student enrollment on the GeniusU platform expanded from 1.9 million to 2.6 million. Despite a pro forma adjusted EBITDA of $320,000, the company incurred a net loss of $4.7 million. Shareholder equity reached $39.6 million. The company emphasizes growth through acquisitions and aims to integrate eight companies to disrupt the education model.

Genius Group (NYSE American: GNS) filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2021, with the SEC on May 13, 2022. This filing ensures compliance with SEC and NYSE reporting obligations. The report features the company's audited financial statements following International Financial Reporting Standards (IFRS). Genius Group serves over 2.7 million students globally and is expanding its education model through acquisitions, including Education Angels and Property Investors Network, aimed at enhancing its lifelong learning system.

Genius Group (NYSE American: GNS) has announced that its Edtech subsidiary, GeniusU Ltd, completed a seed funding round, raising $1.5 million and valuing GeniusU at $250 million. The funds will support the development of Genius Metaversity, a virtual learning platform. GeniusU currently serves over 2.8 million students and aims to expand its interactive courses into the metaverse, integrating AI assistants for personalized learning. Genius Group holds a 97% ownership of GeniusU and recently conducted a funding round to enhance its educational offerings.

Genius Group (GNS) announced its collaboration with Tiger Brokers, a global online broker, as a sponsor for the Global Impact Investor Summit on April 28-29, 2022. The summit will feature renowned investor Jim Rogers as the keynote speaker and aims to attract over 2,000 investors to discuss hot investment topics. Tiger Brokers offers a co-branded promotion providing 5 free GNS shares, a $10 stock voucher, 90 days of zero-fee trading for US stocks, and free market data. The summit promises insights into leveraging digital trends and global markets for investment success.

On April 25, 2022, Genius Group Limited (NYSE American: GNS) announced the appointment of Brad Warkins as its new Chief Operating Officer. Warkins previously served as President of Gaia, Inc., where he led digital transformation and international expansion efforts. His extensive operational experience is expected to aid Genius Group in integrating acquisitions and scaling operations globally. The company, focused on entrepreneur education, aims to disrupt traditional education models with a life-long learning curriculum and has over 2.7 million students in 200 countries.

Genius Group (NYSE American: GNS) has completed two acquisitions, Education Angels and Property Investors Network, following its recent IPO on April 12, 2022. Education Angels offers in-home childcare in New Zealand, while Property Investors Network connects property investors throughout the UK. These acquisitions aim to enhance Genius Group's global educational offerings and integrate with its lifelong learning curriculum. With over 2.7 million students across 200 countries, the company emphasizes a student-centered approach to education.

Genius Group appointed Richard Berman as Audit Committee Chair effective March 31, 2022. With over 35 years of experience in venture capital, mergers, and acquisitions, Berman's expertise includes roles at Goldman Sachs and Bankers Trust Company. He has served on boards of multiple public companies, including four on NASDAQ. The company's recent IPO and strategic expansions aim to enhance its innovative Edtech platform and broaden educational offerings. Genius Group serves over 2.7 million students globally, emphasizing a student-centered approach to lifelong learning.

Genius Group has completed its initial public offering (IPO) of 3,763,636 ordinary shares at $6.00 each, raising approximately $22.58 million before expenses. The shares are now listed on NYSE American under the ticker symbol GNS. Boustead Securities served as the sole underwriter. The company aims to disrupt education through a student-centered curriculum and has already enrolled over 2.7 million students globally. It plans to enhance its education offerings by integrating four companies acquired as part of its post-IPO strategy.